The private sector bank Yes Bank, has reduced its workforce by nearly 2,500. The bank has increased its focus on account of digitisation and automation, which has resulted in better productivity, cost efficiency and customer service. However, this has also generated some job redundancies which called for rationalization efforts.

2017-09-14 :Yes Bank all set to start second cohort for its startup programme

Private sector lender, Yes Bank has opened its second cohort for Yes Fintech, the innovation programme by the bank for fintech startups. For this purpose, the bank has also created a network of global startup ecosystems on order to assist its fintech startup. Simultaneously, the bank aims to further strengthen its home loan segment by offering best home loan offers to its bank customers.

2017-09-08 :Yes Bank announces its tie up with Samsung

Private sector lender, Yes Bank has announced its tie up with Samsung Electronics to enable its credit card customers to use Samsung Pay for making online payments at Samsung outlets with their smartphones. Meanwhile, the bank’s credit card holders will also get a cashback of up to Rs. 1,500 on using their cards on Samsung Pay till 30th September, 2017.

Ola Fleet, cab leasing arm of Ola has managed to secure a loan worth Rs. 1,000 crore from Yes Bank. The loan amount will be used by the company to finance the purchase of commercial vehicles used by its driver partners. As a part of the agreement of the loan, the vehicles purchased by Ola will remain as collateral, besides the spares and consumables.

2017-09-05 :Yes Bank slashes MCLR rates across all tenors

Private sector lender, Yes Bank has slashed its marginal cost based lending rate (MCLR) across all tenors. For overnight and one month maturities, the rate has been revised to 7.80 per cent and 7.95 per cent respectively, while for three month maturities the rate has been reduced to 8.30 per cent. The new MCLR rate for six month and one year is 8.50 per cent. The new MCLR rates are effective from 1st September, 2017.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.